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USDJPY Short Fib Retracement

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY has seen a strong uptrend over the previous weeks. Price has looked to slow down and peak, warranting a retracement. Short trade entered with stop loss above high of the uptrend. Take profit is at the 0.38 retracement. Nice 1:1.5 Risk: Reward.

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